St. Jude Medical Inc. Profit Drops 3% In Q1

(RTTNews) - St. Jude Medical Inc. (STJ) announced earnings for first quarter that declined compared to the same period last year.

The company said its earnings totaled $258 million, or $0.90 per share. This was lower than $266 million, or $0.93 per share, in last year's first quarter.

Analysts had expected the company to earn $0.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.4% to $1.45 billion. This was up from $1.35 billion last year.

St. Jude Medical Inc. earnings at a glance:

-Earnings (Q1): $258 Mln. vs. $266 Mln. last year. -Earnings Decline (Y-o-Y): -3.0% -EPS (Q1): $0.90 vs. $0.93 last year. -EPS Decline (Y-o-Y): -3.2% -Analysts Estimate: $0.88 -Revenue (Q1): $1.45 Bln vs. $1.35 Bln last year. -Revenue Change (Y-o-Y): 7.4%

-Guidance: Next quarter EPS guidance: $1.05 - $1.07 Full year EPS guidance: $4.01 - $4.11